The company intends to use the funds for continued sales growth and product development over the coming year.

Led by Phil Bird, CEO, and Jim Leeds, CTO, Perfect Channel provides an auction and trading platform for companies operating marketplaces in commodities and financial assets. Working with clients including Global Dairy Trade (GDT), Lloyd’s, and AgriClear, the company designs, builds and hosts global, dynamic marketplaces for companies to buy and sell a wide range of commodities and assets – ranging from coal, natural gas and oil to agriculture, freight and futures.